State Would Lose $29 Billion Under New Health Care Bill

State Would Lose $29 Billion Under New Health Care Bill

But that legislation suffered a potentially fatal blow Friday when Republican Sen. John McCain of Arizona said he would vote against it.

Provisions shoehorned into the Republican health care bill dangle extra money for Alaska and Wisconsin, home states of one GOP senator whose vote party leaders desperately need and another who co-sponsored the legislation, according to analysts who've studied the legislation.

Findings from those other studies were reported last week. "This bill still has to clear several hurdles in the Senate before it would be presented to the House". After that, 60 votes will be needed in a Senate in which there are 52 Republicans. Members of Congress should pass a bill with bipartisan support, one "that addresses the life, conscience, immigrant access, market stability and affordability problems that now exist".

"As a high-cost state, Alaska is at particular risk because the block grant aims to provide the same level of federal funding per low-income person across all states", the Manatt study states.

The anticipated funding reduction by 2026 caused by the cap is equivalent to the cost of providing Medicaid to 80,000 to 170,000 CT residents, according to OPM.

Those dollars would be partially replaced with block grants from the federal government to the states, each of which would have to design and implement its own health-care program.

Proponents describe the proposal as a way to give states the flexibility to use federal money to structure their own health care systems.

Alaska will lose almost two-thirds of the federal funding it now receives for health insurance marketplace subsidies and Medicaid by 2026 under the latest Senate Republican legislation, according to a study conducted for the state. Just three states received "37 percent of Obamacare funds", the senators claimed.

Kaiser's analysis concluded CT would lose $5.8 billion in federal funding between 2020, when the law goes into effect, and 2026, when it expires - less than the OPM estimate. The changes could mean more freedom for some states, but "the overall impact they will have on state budgets, operations and citizens are all uncertain", NAMD said.

If the law were not extended after 2026, CT would lose another $3.2 billion in 2027, Kaiser said. Also announcing opposition recently was America's Health Insurance Plans, a huge health insurers' trade group, the American Hospital Association and the American Medical Association. "You look at what's happening with premiums for people, they can't afford Obamacare".

Overall the proposal would decrease federal Medicaid funding for states by $160 billion from 2020 to 2026.

Related Articles